News for hackers. Stuff that matters.

A comment on The Social Recession: By the Numbers. Parent comment

Re:The Social Recession: By the Numbers by marcus_holmes on Monday October 24, 2022 @07:12AM (#33315191)
Yes but they get points for trying. At least they see what rampant price inflation has done to other cities and aren't cheering it on as a neo-con victory.

Contrast (any city in) Australia which is stuck in a nightmare loop of homelessness and political pressure to keep the house prices high (from homeowners) and affordable (from everyone else).

Or London, where house prices are now so high it is mostly owned by absent foreigners.

[ Parent | on HN ]
Re:The Social Recession: By the Numbers by ChuckNorris89 on Monday October 24, 2022 @08:38AM (#33315889)
>Yes but they get points for trying.

Sorry, but trying an obviously populist measure that further sinks housing availability and makes thing worse for everyone does not get you any points anywhere.

[ Parent | on HN ]
Re:The Social Recession: By the Numbers by marcus_holmes on Tuesday October 25, 2022 @07:34AM (#33329142)
In Australia this would not be a populist move. The difference in housing situation/markets is really interesting.

The key point that Berlin seems to realise, but Australia definitely doesn't, is that the purpose of houses is for people to live in them, not make money investing in them.

[ Parent | on HN ]